Thursday, January 26, 2012

An Unholy Trinity

Watch your back and hold on to your wallet whenever you see industry, government and greens singing off the same sheet music: it's usually the consumers or taxpayers who are about to take it in the shorts. There's a quid pro quo here somewhere: probably billions more in federal "modernization" payments to automakers for "re-tooling" their facilities, which the President alluded to in his SOTU speech.

And as for the car-buying consumer? They're screwed. One recent report indicates that this will add $5,000 to the sticker price of a new car. But those future car-buyers weren’t represented, much less taken into consideration, by the unholy trinity touting this “deal.”

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